Crypto Markets Experience Slight Dip But Still Hold Weekly Gains

Stellar (XLM) is holding as much as 60 percent gains over the past week, trading at around $0.29 at press time, while down almost 2 percent today over the past 24 hours. The altcoin is now ranked 6th on CoinMarketCap, overtaking Litecoin (LTC).

Cardano (ADA) also continues to hold a stable position around the top cryptos. Despite the fact that the coin has lost almost 5 percent over the past 24 hours to press time, it is up around 43 percent over the past week.

Earlier today, the “first-ever crypto investment report” by digital asset management fund Grayscale Investments revealed that the majority of capital inflow this year has been made by institutional investors, as much as 56 percent in the first half of 2018.

Yesterday, CEO and founder of Digital Currency Group Barry Silbert suggested that Bitcoin has “probably hit the bottom for the year,” adding that “as an asset class it is here to stay … I’m 100 percent confident a decentralized, non-fiat form of money is here to stay.”